What is needed for Economic Progress?
When England discovered the American colonies there were only a few natives and no capital structure, and by the time the colonies formed a new nation they had the population and resources to sustain a successful country. The American colonies did eventually increase the standard of living for the people who lived there. This rise in the standard of living is called Economic Progress. Economic progress happens when the standards of living... Read More
What is Corporate Social Responsibility?
A businessman is happily laughing with his wife at the dinner table having a wonderful meal. He is in an exceptionally good mood today. He has just invested almost all of his retirement money in a business called WorldCom. Thankfully, their stock is soaring higher than they had ever expected. He decides to invest all of his spending money and spare cash, too. It seems like a good investment. About a month later, WorldCom... Read More
Defenseless Receiver: The NFL’s Contradictions
Quick Overview of the Events: In the last two weeks (weeks 5 and 6) of the 2010 NFL season there have been 6 players injured (Mohamed Massaquoi, Joshua Cribbs, Jordan Shipley, Todd Heap, DeSean Jackson, and Dunta Robinson) due to illegal hits, either helmet to helmet or defenseless receivers. The NFL and its owners have said that this is unacceptable and they will be cracking down. 5 of 6 players that received concussions were in... Read More
Sarbanes-Oxley: Good Idea or Bad Idea?
Few acts of legislation have rocked the financial and accounting world like Sarbanes-Oxley did in 2002. When it was passed into law it was considered by many to be one of the most far reaching bills for businesses ever. It was made as a result of scandals like Enron and WorldCom. It has cost companies millions of dollars to implement the changes needed to comply with Sarbanes-Oxley and has discouraged companies from even becoming public... Read More
Internship at Tyco
Tyco’s History Tyco was founded in 1960 as a research company in semiconductors and a testing company for different types of materials for the government. It became a public company in 1966, and, from the beginning, Tyco mainly grew through acquisitions. Tyco then focused on energy conservation and technology. In 1974, Tyco was traded on the New York Stock Exchange. In 1992, Dennis Kozlowski became the new CEO of Tyco, and through... Read More
Sport’s Blog Take I: Here Goes Nothing
There have been few things in my life that have given me greater pleasure in life than sports, and this blog is where I, Ford Jordan, express my opinions about the sports world. I am warning my readers in advance that I may have been accused of being a homer once or twice in my life. 🙂 Being that I am from Cleveland I am a huge homer and will probably have a huge bias toward all things Cleveland or Ohio. I will, however, try to refrain... Read More